Sign up Australia
Proactive Investors - Run By Investors For Investors

Jaxon Mining tests high chargeability targets at Hazleton project

That's three holes drilled next week, and now the drill has been moved to a new location some 500 metres further west
Jaxon is getting full value out of its drill at Hazleton

Jaxon Mining Inc (CVEJAX) saw its shares head higher after issuing a drilling update relating to its Hazleton project in the Skeena Arch, British Columbia.

Jaxon Mining completed the second and third drill holes, JAX 17-02 and JAX 17-03, with both holes being drilled from the same pad location, some 270 metres north of the first drill hole, JAX 17-01.

These first three holes tested chargeability targets - the Hamlin induced polarization (IP) target zone - from the Volterra 2D IP inversion below the survey line 4000E.

This IP target is in close proximity to outcropping sulphide exposures previously channel sampled at the 550 Zone and rich in zinc and silver bearing sulphosalts, as well as airborne geophysical VTEM conductive zone targets.

READ Jaxon Minerals sets stage for Hazelton drilling with encouraging field assays

Jaxon is moving the drill to a third location about 500 metres furrther west of the Hamlin IP target zone and upslope roughly 200 vertical metres to a location near the sulphide exposures trenched and channel sampled at the 724 zone.

At this location, the sulphide exposures are also rich in zinc- and silver-bearing sulphosalts and are closely associated with iron pyrite, which Jaxon interprets as being highly chargeable in the 3-D Volterra detailed IP survey.

The company expects the first batch of drill core samples to be shipped at or around 12 November.

Shares in Jaxon were up 4.2% at C$0.25 in lunchtime trading.

View full JAX profile View Profile

Jaxon Mining Inc Timeline

Related Articles

August 08 2018
Eurasia Mining has an enviable position in Russia platinum and platinum group metals
July 28 2018
Jaxon said the first phase of fieldwork included geological mapping and sampling the Red Spring area, located within the Hazelton Property.

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use